Insider Buying: Matador Resources (NYSE:MTDR) Director Buys 200 Shares of Stock

Matador Resources (NYSE:MTDRGet Rating) Director Monika U. Ehrman purchased 200 shares of Matador Resources stock in a transaction that occurred on Wednesday, May 4th. The stock was acquired at an average cost of $51.51 per share, with a total value of $10,302.00. Following the acquisition, the director now directly owns 27,963 shares in the company, valued at approximately $1,440,374.13. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

MTDR stock opened at $54.55 on Thursday. Matador Resources has a 1 year low of $24.76 and a 1 year high of $59.27. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.00 and a quick ratio of 0.97. The firm has a market capitalization of $6.44 billion, a PE ratio of 8.90 and a beta of 3.83. The business has a 50 day simple moving average of $53.37 and a 200-day simple moving average of $45.95.

Matador Resources (NYSE:MTDRGet Rating) last issued its earnings results on Tuesday, April 26th. The energy company reported $2.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.40. Matador Resources had a return on equity of 34.63% and a net margin of 37.28%. During the same period in the previous year, the company posted $0.71 earnings per share. On average, equities research analysts expect that Matador Resources will post 10.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Investors of record on Wednesday, May 18th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Tuesday, May 17th. Matador Resources’s payout ratio is currently 3.26%.

MTDR has been the subject of a number of recent analyst reports. Zacks Investment Research cut Matador Resources from a “buy” rating to a “hold” rating and set a $57.00 price objective for the company. in a research report on Thursday, March 31st. Truist Financial upped their price objective on shares of Matador Resources from $71.00 to $85.00 in a research report on Thursday, April 21st. TheStreet raised shares of Matador Resources from a “c+” rating to a “b-” rating in a research note on Wednesday, February 23rd. MKM Partners raised their price target on shares of Matador Resources from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, February 24th. Finally, Wells Fargo & Company boosted their price objective on Matador Resources from $55.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, March 14th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Matador Resources currently has a consensus rating of “Buy” and a consensus target price of $56.00.

A number of hedge funds have recently modified their holdings of MTDR. Private Ocean LLC acquired a new stake in Matador Resources during the first quarter worth $27,000. Exchange Traded Concepts LLC purchased a new position in shares of Matador Resources during the 1st quarter worth $31,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Matador Resources during the 4th quarter worth about $28,000. Benjamin Edwards Inc. raised its holdings in Matador Resources by 696.8% in the 4th quarter. Benjamin Edwards Inc. now owns 757 shares of the energy company’s stock valued at $28,000 after buying an additional 662 shares during the period. Finally, Bellwether Advisors LLC acquired a new position in Matador Resources in the fourth quarter valued at about $51,000. 87.77% of the stock is currently owned by institutional investors.

About Matador Resources (Get Rating)

Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.

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